Nilai businessman loses RM1.5 million in fake investment scam
Nilai police chief Superintendent Abdul Malik Hasim said the victim met the scammer on Facebook in April and was lured by promises of high returns.
"The businessman lodged a police report at the Pantai police station about 4.20pm yesterday, stating that he began dealing with the individual offering the online investment scheme on April 29," he said in a statement today.
The victim was instructed to download a mobile application called 'CDT MAX' and make 15 transactions totalling RM1,449,750 to seven different bank accounts for the so-called investment.
He only realised he had been scammed when he was asked to make further payments to withdraw the supposed profits.
The case is being investigated under Section 420 of the Penal Code for cheating, and efforts are underway to track down the suspect.
Police urge the public to verify any investment offers with authorities and never share bank details with unknown individuals.
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